EX-12.(A) 3 d776048dex12a.htm EX-12.(A) EX-12.(a)

EXHIBIT 12(a)

PACCAR Inc

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS

(Millions of Dollars)

 

Nine Months Ended September 30   

    2014      2013  

FIXED CHARGES

      

Interest expense

    $ 99.6       $ 118.4   

Portion of rentals deemed interest

      4.5         3.5   
  

 

 

     

 

 

  

TOTAL FIXED CHARGES

    $ 104.1       $ 121.9   
  

 

 

     

 

 

  

EARNINGS

      

Income before taxes

    $ 1,439.9       $ 1,210.1   

Fixed charges

      106.5         117.3   
  

 

 

     

 

 

  

EARNINGS AS DEFINED

    $ 1,546.4       $ 1,327.4   
  

 

 

     

 

 

  

RATIO OF EARNINGS TO FIXED CHARGES

      14.85X         10.89X